Foreign aid to Iraq
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Foreign aid to Iraq has increased to handle reconstruction efforts. In 2004 the
U.S. Agency for International Development The United States Agency for International Development (USAID) is an independent agency of the U.S. federal government that is primarily responsible for administering civilian foreign aid and development assistance. With a budget of over $27 bil ...
was responsible for awarding contracts totaling US$900 million for capital construction, seaport renovation, personnel support,
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,
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, government administration, and airport management. The
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committed US$3 billion to US$5 billion for reconstruction over a five-year period, and smaller commitments came from
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, the
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, Britain, and
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.
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canceled 65 percent of Iraq's debt of US$8 billion, and
Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the A ...
offered an aid package totaling US$1 billion. Also,
Iran Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmeni ...
has been accused of giving some monetary support to individual political parties. Some US$20 billion of U.S. 2004 appropriations for Iraq were earmarked for reconstruction. Effective application of such funds, however, depends on substantial improvement in infrastructural and institutional resources. Because Iraq's international debt situation had not been elaborated in 2005, for the foreseeable future U.S. funds are expected to pay for capital investments in rebuilding.


Funding programs

* Development Fund for Iraq *
Iraq Relief and Reconstruction Fund The Iraq Relief and Reconstruction Fund (IRRF) was established by the US Congress on November 6, 2003. It allocated $18.4 billion to rebuild Iraq's infrastructure, damaged from years of neglect, sanctions, and war. As of March 29, 2006, approxima ...


See also

*
United States foreign aid United States foreign aid, also known as US foreign assistance consists of a variety of tangible and intangible forms of assistance the United States gives to other countries. Foreign aid is used to support US national security and commercial int ...


External links


USAID Assistance for IraqIraq Inter-Agency Information & Analysis Unit Reports
Maps and Assessments of Iraq's Governorates from the UN Inter-Agency Information & Analysis Unit
{{DEFAULTSORT:Foreign Aid To Iraq Foreign relations of Iraq
Iraq Iraq,; ku, عێراق, translit=Êraq officially the Republic of Iraq, '; ku, کۆماری عێراق, translit=Komarî Êraq is a country in Western Asia. It is bordered by Turkey to Iraq–Turkey border, the north, Iran to Iran–Iraq ...